Prudential Utility Correlations

JDURX Fund

USD 15.89 0.12 0.76%

The current 90-days correlation between Prudential Utility and Pgim Jennison Technology is -0.05 (i.e., Good diversification). The correlation of Prudential Utility is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Prudential Utility Correlation With Market

Weak diversification

The correlation between Prudential Utility Fund and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prudential Utility Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Prudential Utility Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Prudential Mutual Fund

0.94	D	Dominion Energy	Pair Corr
0.84	FE	FirstEnergy	Pair Corr
0.96	NI	NiSource	Pair Corr
0.89	SO	Southern	Pair Corr
0.75	SR	Spire Inc	Pair Corr
0.72	CMS-PB	Consumers Energy	Pair Corr
0.77	CMS-PC	CMS Energy	Pair Corr
0.65	CDZIP	Cadiz Depositary Shares	Pair Corr
0.69	ELLO	Ellomay Capital	Pair Corr
0.89	EVRG	Evergy,	Pair Corr
0.97	AEE	Ameren Corp Sell-off Trend	Pair Corr
0.98	AEP	American Electric Power	Pair Corr
0.82	AES	AES	Pair Corr
0.76	ATO	Atmos Energy	Pair Corr
0.65	AWK	American Water Works	Pair Corr
0.75	BKH	Black Hills	Pair Corr
0.68	CEG	Constellation Energy Corp	Pair Corr
0.96	CMS	CMS Energy	Pair Corr
0.95	CNP	CenterPoint Energy	Pair Corr
0.92	DTE	DTE Energy	Pair Corr
0.76	DTW	DTE Energy	Pair Corr

Moving against Prudential Mutual Fund

0.83	VGAS	Verde Clean Fuels	Pair Corr
0.66	RNWWW	ReNew Energy Global	Pair Corr
0.65	ENIC	Enel Chile SA	Pair Corr
0.86	BIP	Brookfield Infrastructure	Pair Corr
0.64	AWR	American States Water	Pair Corr

Related Correlations Analysis

	PGKCX	ICTEX	FRBRX	NWHOX	CMTFX	DTEYX	PTTEX	ITYYX
PGKCX		0.73	0.7	0.99	0.97	0.93	0.97	0.92	PGKCX
ICTEX	0.73		0.84	0.73	0.76	0.85	0.73	0.81	ICTEX
FRBRX	0.7	0.84		0.67	0.77	0.76	0.74	0.73	FRBRX
NWHOX	0.99	0.73	0.67		0.97	0.93	0.97	0.91	NWHOX
CMTFX	0.97	0.76	0.77	0.97		0.94	0.99	0.94	CMTFX
DTEYX	0.93	0.85	0.76	0.93	0.94		0.93	0.98	DTEYX
PTTEX	0.97	0.73	0.74	0.97	0.99	0.93		0.92	PTTEX
ITYYX	0.92	0.81	0.73	0.91	0.94	0.98	0.92		ITYYX
	PGKCX	ICTEX	FRBRX	NWHOX	CMTFX	DTEYX	PTTEX	ITYYX

Risk-Adjusted Indicators

There is a big difference between Prudential Mutual Fund performing well and Prudential Utility Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Prudential Utility's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PGKCX	0.76	0.16	0.03	(0.75)	0.85	(0.81)	1.50	(1.76)	4.35
ICTEX	0.71	0.04	0.05	0.15	0.62	(0.83)	1.84	(1.14)	4.32
FRBRX	0.97	0.22	0.20	0.36	0.67	(1.12)	2.34	(1.68)	6.71
NWHOX	0.75	0.17	0.04	(0.67)	0.78	(0.80)	1.72	(1.46)	4.43
CMTFX	0.74	0.22	0.09	(0.89)	0.75	(0.82)	1.59	(1.80)	4.36
DTEYX	0.74	0.09	0.08	0.23	0.70	(0.80)	1.65	(1.24)	4.97
PTTEX	0.74	0.20	0.06	(1.16)	0.84	(0.77)	1.52	(1.54)	5.75
ITYYX	0.81	0.11	0.08	0.25	0.91	(0.92)	1.79	(1.94)	5.41

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC